Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
The two-wheeler sector has been underperforming its peers on the volumes front for over five quarters now. Even in the March quarter, Bajaj Auto and Hero MotoCorp posted a 17-24 per cent YoY decline in volumes, the sharpest in the listed auto universe. The ongoing impact of frequent price hikes, all-time high fuel prices, and muted rural sentiment has led to the lacklustre showing by two-wheeler makers. What has aggravated the situation for two-wheeler companies, which get almost all their sales from the internal combustion engine or ICE-based units, is the traction for electric two-wheelers (EV).
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
For banks to cut loan rates, the cost of deposits needs to come down, and there is no sign of that happening.
Pharma shares extended losses after the government's ban on combination drugs.
'There is no need to do anything, let your SIPs get deducted every month, and stick to your allocation between equity, fixed income and emergency funds and your risk covers.'
The 30-share Sensex ended up 204 points at 27,215 and the 50-share Nifty ended up 59 points at 8,238.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
Financials ended mixed despite the status-quo on key rates by the RBI. SBI, ICICI Bank and Axis Bank ended up 0.4-2.5% each.
The recovery was led by pharma majors led by Dr Reddy's Labs.
RBI's fifth bi-monthly monetary policy meet due tomorrow also kept the investors on their toes.
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
Markets ended higher for the second straight session mainly on the back of upbeat corporate earnings.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
BSE Mid-cap index ended lower by over 2.5% and BSE Small-cap index tumbled over 3%.
Sensex closed 63.82 points higher at 26,851.05 in Muhurat trading; Nifty rises 18.65 points to end at 8,014.55.
Market breadth was weak with 1,260 advances and 1,597 losers on the BSE.
Sensex falls at close; metals, banks perform well.
This surpassed its previous record close of 29,974.24, reached on April 5.
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
The S&P BSE Sensex shed 286 points to close at 24,539 and the Nifty50 lost 100 points to end at 7,456.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
In 2021, there is the risk of interest rates spiking. Investors should tackle duration risk with a longer investment horizon, suggests Sanjay Kumar Singh.
CEOs of leading banks say third straight rate hike by RBI inevitable, though not desirable.
BSE Healthcare, Oil & Gas, Consumer Durable, TECk, Power and Metal indices declined between 0.5-1%.
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
The 30-share Sensex ended down 556 points at 27,886 and the 50-share Nifty ended down 158 points at 8,444.
Markets surged on hopes that the exit polls would show that the BJP winning majority in the general elections.
The 30-share Sensex ended higher by 30 points.
The rally in index heavyweight ITC has boosted the sentiment across the board.
Sensex lacklustre, bluechips in focus.
Several factors seem to have corrected in India in the past six months, says the president of New Development Bank.
The devastation caused by the current deluge has damaged hundreds and thousands of homes and vehicles.
The 30-share Sensex ended lower by 61 points at 29,122 mark and the 50-share Nifty slipped by 12 points to close at 8,797.
The Sensex ended 290 points higher at 29,095 mark and the Nifty gained 94 points to close at 8,806 levels.
The Sensex had bounced back with gains of 94 points or 0.3%
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
Caution prevailed across the bourses ahead of the Union Budget.
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